Advyzon Investment Management LLC Acquires Shares of 15,580 Alerian MLP ETF (NYSEARCA:AMLP)

Advyzon Investment Management LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,580 shares of the exchange traded fund’s stock, valued at approximately $750,000.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $40,000. Advisors Asset Management Inc. bought a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Alerian MLP ETF by 803.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.16 on Thursday. The company’s 50 day simple moving average is $50.29 and its 200 day simple moving average is $48.46. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.